DAIRY COMPANY MEETINGS.

Taranaki Daily News, 6 August 1918, Page 3

DAIRY COMPANY MEETINGS.

NOEMMBY. The .twenty-fourth annnal moating of ! the Xbrrnauby Co-op. Difirry Fdwtery Co., li'Ul., was held at Nona&hby on Friday,. Mr C. J- Preston, chairman of directors, presiding over a, fair attendance of'-*tharc-holder*. Tlie following report was presented: The final settlement for last season'sconsignod cheese was maidc at 123s par owt, and the surplus therefrom eoafoled the company to make a record pay-oufe \of 2s per lb on 191C-17 butter-fat. This year the output was piuobaaod'by the Imperial (xovernmcirt at lGd per ib f.0.b., with three months' storage paid by companies. After writing 74 per cent oft" building's, 10 per cent off. plant, and 20 per cent off dam and: race, providing for directors' fees, and 4 per cent interest on shares, i)he;-T>ala#ee. remaining will enable us to make Ones season's pay-out up to Is We re--gret the loss on active service of TSpooporij Riddle, for three yeara ehainpan company. Mr A. J. Ht>pcr<jSt, naa'beeS re-engaged as manager for tab ensuinga season. j| The following statistic are afctadasdjto: flie reDort: Pounds <rf milk received, W>,906.W5; pounds of butter-fat, 45450a9";| average, test, 3.88; number of 57: pounds of cheese made (53i toiiß'i?'. owt 3 qr. 241b) 1,190,332; pounds ofi chce.se from lib fat, 2.61; pounds of milk§ to IBs cheese, 10.00; cost of- raawifaetlire," .84d (including depreciation) .95d; cost per lb f.0.b., ].32d. The chairman said tliat the total output of cheese showed a falling off of roughly 30 tons, the dTy season experienced and a less nuiribw of suppliers accounting for this. Tlie cost of mftnufae■itwro had increase<l by .2ftd, due to increased cost of the necessary material, and the manufacture of a much drier article. Vv to the present time they had been able to pay out Is 7d per lb bitterfat, and a- further payment would be made that day of Id, leaving a balance of 2%d which would belaid as soon'as hinds accrued. Since the balance sheet, was printed they had received .a rebate on storage charges which would enable them to pay out the extra '/[d. The directors drew the attention of suppliers to the excessive use of turriips, which had a verj'- detrimental effect on our produce, and they felt that under the eireiunstances they, must congratulate, the manager on the very satisfactory results obtained, talcing this and tho class of laibor available into consideration. Mr. F. J. Gane said the complaint re turnips was a sound one, and applied riot only to Normanby, but to other factories, and the supplier who used turnips to any but a very limited extent, was simply robbing every other supplier, because;! lie was a eonsideraJble factor in deteriorating tho factory's whole output. Altiiough the Government had purchased their output it must be remembered that there was a second grade, and this re-, presented a difference of a farthing per pound. Tin's practice, if unchecked, simply meant lowering the standard of New Zealand produce in the Old Country below what it should be, and it was up to them, one and all, to endeavour to make J, a first-class article. If the manager did not get a first-class material to start on, it was not possible for him to produce a finished article, nor was it possible for him to work out any pronounced turnip flavour. If the odour of turnips was in any way pronounced the manager should send that particular supplier's milk back. With regard to dried milk and sugar of rnilk, although it was po&vible that these might develop into important industries later on, he held the view that (PryTtsqilota, pro rata with its output, •of any expenses to be incurred by the special committee appointed at the recent conference to fully investigate the questions of dried milk and sugar of milk. The question as to whether the company should continue its contribution, amounting roughly to £2O a year, to the Tarannki Kdncation Board to secure a continuance of the services of the Board's agricultural instructor, was sideredUpon a vote being taken it was decided not to continue the subscription to the Education Board, and a vote of appreciation was qxiesed to Mr R. A. S. Browne for the good work he did last year. Mr Laurent referred to the question of pasteurisers, and asked whether that system, if adopted, would not eliminate a good deal of the flavor complainod of. The manager replied that it would to a certain extent. But the matter rests entirely with the shareholders, and it was only a question of cost; and not ouly the cost of installation, but the additional running expense. He could not quote definitely the cost? of installing two machines, because of market fluctuations, but approximately it would cost £IOOO, if the company did not have to provide an additional building to accommodate them. Mr Were suggested thai it could easily le ascertained if the quantity of secondgrade cheese would warrant the installation of pasteurisers. Mr Gane considered that if they installed pasteurisers they would get more second-grade cheeso than now, because farmers would reckon that any old thing would do. In reply to a question, the chairman said that it was not the intention of the directors to turn down turnip-feeding. His own personal experience was that turnips were not neoesMiry, and he mentioned that in the case of his own two farms the one that had no turnips on it produced 251ba butterfat per cow more than the other. On 36 acres he produced 6100 lbs of fat without turnips, and he claimed that if fanners applied 'more top-dressing to their pastures they would get better results than by growing turnips. Mr Were contended that turnips were necessary in dry weather, such as they had experienced this last season or two, or thov would not get tho output. He had 2000 lbs butter-ftft less than he had three years ago, when he fed turnips. The manager said that it was when cow** wore left on the turnips that ti'ontblo resulted. Many of the suppliers lo tho JJottnan'by factory fed turnips judiciously without any bad results, kit others again fed excessively. Mf Lmirent was of the opinion that •i fermMß fed turaips Stmmediately after Miking, afi&gave their earn & sufficiency «N£h@r ifot& a&vihm would b» Uttlo